North Carolina used a specific official currency in 1814
the verdict
SUPPORTED
the evidence backs this
refutedsupported
the weight of evidence
2 sources for · 0 against
AS REPORTEDno primary record reached; this is what the reporting says
Historical references and legal records indicate that the colonial North Carolina pound was referenced in state laws as late as 1814 alongside the U.S. dollar.
# What was the official currency used in North Carolina in 1814?
Tags: currency
- Score: 11
- Views: 3132
- Answers: 2
- Answered: yes
- Asked by: user3521
- Asked: 2015-05-16
- Edited: 2015-05-17
- Site: history
## Question
I was surprised to find it stated in the Laws of North Carolina, 1814, Chapter V, Section IX that:
a tax to the State of ten pounds shall be paid
Does this refer to British pounds? I would have assumed that by 1814 the official currency in use in the US would have been something other than the British pound.
## Answers
### Answer by PGeerkens (score: 8 [ACCEPTED])
This does not refer to a Pound Sterling, or British Pound, but rather to the colonial currency of North Carolina, the North Carolina Pound. This was the official currency of North Carolina until the establishment of the United States Dollar in 1792, as a replacement for the Continental Dollar, and is apparently still legal tender in North Carolina to this day. Note that while the said tax was denominated in North Carolina Pounds, the United States Dollar was legal tender throughout the United States and its territories from 1792, and would have been used to pay most transactions in the state
North Carolina pound
North Carolina pound
| North Carolina £3 banknote (obverse) North Carolina £3 banknote (reverse) |
| --- |
| Unit |
| Plural | pounds |
| Symbol | £ |
| Denominations |
| Banknotes | |
| Freq. used | £1, £2, £5 |
| Rarely used | £3 |
| Coins | None |
| Demographics |
| User(s) | Province of North Carolina |
| Issuance |
| Central bank | North Carolina Treasury |
| Valuation |
| Pegged with | sterling at £1 N.C. = 15/- STG (£0.75 STG) |
The pound (symbol: £) was the currency of North Carolina until 1793. Initially, sterling coin circulated, supplemented from 1709 by the introduction of colonial currency denominated in pounds, shillings and pence in 1712. [1] The North Carolina currency was worth less than sterling, with a rating of 1 North Carolina shilling = 9 pence sterling (or 1 North Carolina pound to 15 shillings sterling). The first issue of paper money was known as "Old Tenor" money. In 1748, "New Tenor" paper money was introduced, worth 7+ 1⁄ 2 times the Old Tenor notes. [2]
The State of North Carolina issued continental currency denominated in £sd and Spanish dollars at the York rating of 1 dollar = 8 shillings. The continental currency was replace
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